Turmeric yesterday we have seen that market has moved 4.16% on dwindling supplies in the spot market and inquiries from overseas. Good export demand is coming from Japan, Gulf and European countries. Arrivals have almost dried up in the physical market. In Nizamabad, a major spot market in Andhra Pradesh, the price gained 483 rupees to end at 15,033 rupees. Market has opened at 14956 & made a low of 14934 versus the day high of 15328. The total volume for the day was at 6185 lots and the open interest was at 7645.Support for turmeric is at 15065 below that could see a test of 14803. Resistance is now seen at 15459 above that could see a resistance of 15591.

Trading Ideas:

Turmeric trading range is 14803-15591.

Turmeric ended higher on dwindling supplies in spot market and inquiries from overseas

Turmeric looks to have resistance at 15440 and support is at 15320.

NCDEX accredited warehouses turmeric stocks jumped 29 tonnes to 786 tonnes.

TURMERIC HOLDING SUPPORT AT 14500 AND RESISTANCE AT 14840.NCDEX

In Nizamabad spot prices gained 483 rupees and settled at 15033 rupees per 100 kg.